Log In/Sign Up
Your email has been sent.
31-23 47th St
Astoria, NY 11103
31-23 47th Street · Multifamily Property For Sale
·
24 Units
Investment Highlights
- 24-unit multifamily building in prime Astoria location with strong rental demand
- Spacious layouts with hardwood floors, high ceilings, and abundant natural light
- 14,680 SF walk-up built in 1953 on a 7,500 SF lot
- Excellent access to M/R subway lines and walking distance to Broadway, Newtown Rd, and 30th Ave amenities
Executive Summary
31-23 47th Street is a 24-unit multifamily building located in the heart of Astoria, one of Queens’ most vibrant and rapidly growing neighborhoods. Built in 1953, the three-story, 14,680 SF walk-up sits on a 75' × 100' (7,500 SF) lot and offers a stable, income-producing investment with future upside potential. The building features spacious layouts with hardwood floors, high ceilings, and excellent natural light. Residents benefit from a quiet residential block while remaining just steps from the M and R subway lines, providing direct access to Manhattan and the rest of Queens. Broadway, Newtown Road, and 30th Avenue are within walking distance, offering a wide range of dining, shopping, and neighborhood amenities. This is a rare opportunity to acquire a well-maintained, 24-unit asset in a prime Astoria location with strong rental demand and long-term growth prospects.
Property Facts
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.68% | Building Size | 14,680 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - a low-density residential zoning district that allows for a variety of housing options | ||
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 14,680 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1953 |
| Zoning | R5 - a low-density residential zoning district that allows for a variety of housing options |
Amenities
Unit Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 00727-0029 | Improvements Assessment | $992,950 |
| Land Assessment | $118,350 | Total Assessment | $1,111,300 |
Property Taxes
Parcel Number
00727-0029
Land Assessment
$118,350
Improvements Assessment
$992,950
Total Assessment
$1,111,300
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
